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posted Mar 2, 2025 8:40:00 AM

A1099B for one of my trading accounts, for trading futures intraday, shows a net loss for the year in box 8. However, TurboTax is not showing a way to enter this loss.

Is it possible that intraday trading losses are considered "wash sales" or something, which don't allow declaration of losses?

0 2 941
2 Replies
Level 15
Mar 2, 2025 9:12:22 AM

enter "section 1256" in the search box

 

@peter_tocco 

Level 15
Mar 2, 2025 10:36:24 AM

box 8 is the wrong box to enter. 1256 net gains or losses should be on line 11 - aggregate profit or loss on contracts but could be the same as line 8.   1256 contracts net gain or loss is entered on form 6781